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Pradhan Mantri Kaushal Vikas Yojana: A Solution To Boost Employment In India

  • Highlights

  • NSDC is the catalyst for skill development in India

  • It helps private sector training institutes get funding

  • It aims to impart skill training of international standards

  • Get a loan against property to aid your work or institute

In order to boost skill development in the country, the Ministry of Finance set up the National Skill Development Corporation in 2008. From fine-tuning programmes to meet international standards to supporting initiatives taken by the private sector, NSDC serves as a catalyst for skill development in India.

According to a 2019 report by Business Line, out of the 33.9 lakh candidates trained under the Pradhan Mantri Kaushal Vikas Yojana, a scheme of Skill India Mission, around 10 lakh individuals were able to secure jobs. Such statistics speak volumes about the success of the Skill India programme.

Read on to know more about NSDC and how it is helping the country produce trained manpower.

About National Skill Development Corporation

Incorporated in 2008 under the Companies Act, 1956, The National Skill Development Corporation is a not-for-profit dedicated to assisting and furthering skill development in India. The company was set up by the Ministry of Finance and works under the PPP or Public Private Partnership model. As per official data, the Central Government and the private sector hold 49% and 51% of NSDC’s capital share, respectively.

To date, NSDC has helped train over 1.12 crore individuals through 462 training partners and more than 11,000 training centres, successfully offering placement to over 50.68 lakh candidates. It imparts skill training via quality vocational centres and aims to secure funding for training programmes too. Facilitating support systems that specialise in quality assurance is also part of NSDC’s action plan.

Vision of the Skill India Programme

Since NSDC was setup to aid the national skill development mission, it’s important to understand the vision of Skill India Programme as well. Skill India refers to a programme that the Government of India launched in 2015, to build the skill development programmes already in motion in the country. The goal was to venture into newer sectors by empowering youth with high quality training. On the whole, its vision is to train more than 40 crore Indians with relevant skills by 2022.

So, while NSDC was already in place since 2008, the approach to skill training is now different. While earlier the focus was on traditional occupations, now, emphasis is placed on all sectors. Moreover, the national skill development movement aims at imparting valuable training to educated persons, college dropouts, and uneducated individuals alike.

Concept Of Nsdc: How It Approaches Skill Training

Rather than being an operator, NSDC focuses on mobilising initiatives that can have a widespread effect on skill development. So one can say that it serves as a catalyst in the Skill India mission. Here are some of the important objectives that NSDC has undertaken in the country:

  • To enhance skills and take training to international standards through interaction with the industry 

  • To help organisations, companies and enterprises providing training secure funding

  • To put in place frameworks and support services for quality assurance, training standards and course curriculum

  • To develop business models that will aid private sector skill training initiatives

  • To provide funding to private sector training initiatives via loans, equity, grants, etc.

  • To facilitate involvement of the private sector in skill development programmes

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List Of Skill Development Schemes And Initiatives

As per the NSDC, the 5 main skill development schemes are as follows.

  • Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

  • Pradhan Mantri Kaushal Kendra (PMKK) 

  • Udaan 

  • International Skill Training 

  • Technical Intern Training Programme

The training programmes have a wide scope and seek to transform the skill training landscape within the country. For example, Pradhan Mantri Kaushal Kendra aims to establish model training centres in every district in India, while Udaan is a programme that has been specially created for the youth of Jammu and Kashmir.

List Of Courses And Training Institutes Under NSDC

The NSDC portal dedicates a page to Skill India courses and training centres. The categories here include industrial training institutes, NSDC fee-based courses, Pradhan Mantri Kaushal Vikas Yojana, Technical Intern Training Programmes and Apprenticeship Training. You can enter a particular category to access the relevant training centres. For instance, if you click on Industrial Training Institutes you can use a search tool to find an institute in your state and if you click on PMKVY, you can use the search tool to find a course as per your area of work.

Whether you are a private sector player offering training or a beneficiary seeking to establish a business of your own, you know that funding is an essential part of your journey. One of the best ways to secure large amounts at an economical rate is via a Bajaj Housing Finance Limited Loan Against Property. It offers funding up to Rs.5 crore for a maximum tenor of 20 years and has simple eligibility criteria. The disbursal time is just 4 days, and you can simplify the process further by applying online and opting for the doorstep document pick-up facility.

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